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Australia Energy and Transport Sectors Transformation

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The Garnaut Climate Change Review

(Summary of Chapters 20 and 21 of the Garnaut Climate Change Review)

Table of Contents

  • Key Points
  • Summary of Chapter 20: Transformation in the energy sector
    • General findings
    • Recent efforts to rationalize energy cost
    • Facilitating transformation
    • Short-term and long-term measures required
    • Emissions trading will make certain unviable processes becoming viable.
    • Results of the modeling studies
  • Summary of Chapter 21: Transformation in the transport sector
    • General findings
    • Sensitivities of the transport sector
    • The future of transport sector
    • Results of the modeling studies
  • Critical review of the findings
  • References

Key Points

Chapters 20 and 21 of the Garnaut climate change review focuses on transforming energy and transforming transport in the Australian scenario for minimizing greenhouse gas emissions, for sustenance of future generations and towards meeting the obligations under the Kyoto Protocol.

Australia had enjoyed low and stable energy costs in the past. However rising capital costs and rising price increases of black coal and natural gas are already posing challenges for the future. Carbon price increases consequent to the emission trading scheme would further push up the energy costs resulting in much higher energy costs.

With energy choices through fossil fuels and low-emission technologies, the hope is that through research, the country will be able to develop and commercialise low-emission technologies and effectively move to a near zero-emission energy market by the middle of the century. The future of coal-based electricity production in Australia and exports of coal to Asian countries will depend largely on the commercial feasibility of carbon capture and storage via new mitigation processes. Australia should play a major role in this technology’s growth.

Australia Energy and Transport Sectors Transformation

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